Foresight’s QuadSight™ Vision System Selected as Finalist in 2019 Edison Awards

The quad-camera vision system was chosen as one of the two leading
technologies in the Autonomous Vehicles category

NESS ZIONA, Israel–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/Edisonawards?src=hash” target=”_blank”gt;#Edisonawardslt;/agt;–Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), an innovator
in automotive vision systems, today announced that its QuadSight
vision system was named a finalist in the Transportation & Logistics,
Autonomous Vehicles category in the prestigious 2019 Edison Awards. The
Edison Awards, named after Thomas Alva Edison, recognize and honor the
world’s best in innovators and innovations. The Edison Awards will
announce gold, silver and bronze award winners at the Edison Awards Gala
held Thursday, April 4, 2019, in New York City.


Foresight’s quad-camera vision system was selected by a judging panel
comprised of more than 3,000 professionals from the fields of product
development, design, engineering, science, marketing and education,
including professional organizations representing a wide variety of
industries and disciplines.


The QuadSight quad-camera stereoscopic vision system offers
unparalleled obstacle detection capabilities for autonomous vehicles.
Through sensor fusion, QuadSight leverages reflected light from
visible-light cameras with thermal energy captured by long-wave infrared
cameras for robust object detection of any shape, form or material, in
all weather and lighting conditions. By adapting field-proven security
technology that has been deployed for almost two decades, QuadSight
offers autonomous vehicles perception capabilities beyond those of human
eyes and reduces the likelihood of accidents and injuries, no matter the
weather or lighting conditions.


“It is a great honor for Foresight to be included among the impressive
list of Edison Award finalists,” said Haim Siboni, CEO of Foresight.
“QuadSight addresses the real world need for obstacle detection
accuracy required to ensure autonomous vehicle safety. This prestigious
recognition from the Edison Awards, after being named a 2019 CES
Innovation Awards Honoree, further validates Foresight’s innovation and
achievements in advancing vision systems for the automotive industry.”


Since 1987, the Edison Awards have recognized and honored some of the
world’s most innovative new products, services and business. The Edison
Awards symbolize the persistence and excellence personified by Thomas
Edison, while also strengthening the human drive for innovation,
creativity and ingenuity. The Edison Awards is a program conducted by
Edison Universe. For more information about the Edison Awards, please
visit www.edisonawards.com


For more information about Foresight and its wholly owned subsidiary,
Foresight Automotive, please visit www.foresightauto.com, follow @ForesightAuto
on Twitter, or join Foresight
Automotive on LinkedIn.


About Foresight


Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), founded in
2015, is a technology company engaged in the design, development and
commercialization of stereo/quad-camera vision systems for the
automotive industry based on 3D video analysis, advanced algorithms for
image processing and sensor fusion. The company, through its wholly
owned subsidiary Foresight Automotive Ltd., develops advanced systems
for accident prevention, which are designed to provide real-time
information about the vehicle’s surroundings while in motion. The
systems are designed to improve driving safety by enabling highly
accurate and reliable threat detection while ensuring the lowest rates
of false alerts. The company’s systems are targeting the Advanced Driver
Assistance Systems (ADAS), semi-autonomous and autonomous vehicle
markets. The company estimates that its systems will revolutionize
automotive safety by providing an automotive grade, cost-effective
platform, and advanced technology.


Forward-Looking Statements


This press release contains forward-looking statements within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995 and other Federal securities laws. Words
such as “expects,” “anticipates,” “intends,” “plans,” “believes,”
“seeks,” “estimates” and similar expressions or variations of such words
are intended to identify forward-looking statements. For example,
Foresight is using forward-looking statements in this press release when
it discusses the benefits of the QuadSight vision system. Because such
statements deal with future events and are based on Foresight’s current
expectations, they are subject to various risks and uncertainties and
actual results, performance or achievements of Foresight could differ
materially from those described in or implied by the statements in this
press release.


The forward-looking statements contained or implied in this press
release are subject to other risks and uncertainties, including those
discussed under the heading “Risk Factors” in Foresight’s registration
statement on Form 20-F filed with the Securities and Exchange Commission
(“SEC”) on March 27, 2018, and in any subsequent filings with the SEC.
Except as otherwise required by law, Foresight undertakes no obligation
to publicly release any revisions to these forward-looking statements to
reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events. References and links to websites
have been provided as a convenience, and the information contained on
such websites is not incorporated by reference into this press release.
Foresight is not responsible for the contents of third-party websites.

Contacts

Investor Relations Contact:Miri Segal-SchariaCEOMS-IR
LLCmsegal@ms-ir.com917-607-8654